Redpoint Ventures

DraftKings, where you can play fantasy sports for money on a daily basis (legally), has raised a $24 million Series B round led by Redpoint Ventures, with GGV Capital, Atlas Venture, and BDS Ventures, following a $7 million Series A round earlier this year. Founded just last year, DraftKings claims that 75 percent of people who signed up in 2012 were still active in 2013, driven by the continued promise of cash prizes.

CyanogenMod, a startup created by Steve Kondik that creates customized software for Android smartphones, announced on Wednesday that it had raised $7 million from Benchmark Capital and Redpoint Ventures, and that it renamed itself Cyanogen Inc. Kondik, joined by Kirt McMaster, formerly of Boost Mobile, and coder Koushik Dutta, will soon launch a formal Cyanogen installer for Android phones inside Google’s Play store, and plan to continue building services and applications on top on the new software.

Tastemade, a video network aimed at becoming YouTube’s version of the the Food Network, has raised $10 million from Raine Ventures and Redpoint Ventures. Industry sources say that the company, which had previously raised $5.3 million from Redpoint, had lots of interest in this round, including an offer from Food Network owner Scripps Network Interactive.

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